Aksia’s Fornaio Del Casale Strikes Trio Of Food Deals

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Investor-backed Italian bakery shaper Fornaio del Casale has struck 3 add-on acquisitions for Castelfood, Figulì and Dolciaria Ponte Vecchio.

Financial position of nan transactions were not disclosed.

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In a statement, private-equity patient and Fornaio del Casale’s proprietor Aksìa said nan acquisitions correspond nan “first milestone successful a buy-and-build strategy aimed astatine creating a starring group successful nan premium saccharine and savoury snack market”.

Aksìa acquired a mostly liking in Fornaio del Casale from Riello Investimenti and nan founding Gecchele family successful a transaction announced successful August.

Under that deal, Riello and nan family reinvested and retained number stakes, and are now partnering pinch Aksìa connected nan latest acquisitions.

The 3 recently acquired businesses were bought from their entrepreneurial owners and are each family-run companies, Aksìa told Just Food.

The founders of nan acquired businesses – Gianni Rizzato of Castelfood, Filippo Albertini and Fabio Sartori of Figulì, and Andrea Puccioni of Dolciaria Ponte Vecchio – will besides reinvest and enactment progressive operationally, according to nan statement.

Fornaio del Casale and nan 3 recently acquired businesses will beryllium brought together nether a caller entity, Equipe Del Casale Group.

Aksìa said nan mixed business will “enable nan creation of a scalable and diversified business platform”, pinch “significant opportunities for cross-selling and commercialized development”.

Fornaio del Casale, founded successful 1969 and based successful Casale sul Sile adjacent Treviso, produces nether nan Gecchele and Antico Casale brands.

It will enactment arsenic nan business and commercialized guidelines for nan enlarged group, pinch nan 3 acquisitions each adding a chopped category.

Castelfood is progressive successful cereal-, rice- and vegetable-based snacks and has a “strong” world footprint.

Figulì specialises successful integrated and earthy baked goods, pinch a “strong positioning” successful health-focused and gluten-free products.

Dolciaria Ponte Vecchio focuses connected accepted baked goods, peculiarly cakes and doughnuts.

In consequence to Just Food’s request for much details, Aksìa said nan 3 businesses chiefly proviso unit customers and besides nutrient private-label products.

Their main markets are Italy and nan UK, pinch Italy nan largest market.

Filippo Anichini, an Aksìa partner, said: “The group is now embarking connected an integration and consolidation process aimed astatine afloat capturing nan commercialized and accumulation synergies arising from nan operation of nan different businesses.

“We intend to further heighten nan spot of nan Gecchele and Figulì brands, alongside nan improvement of caller brands and an description of our beingness successful target markets.”

On a consolidated basis, Equipe Del Casale Group generates astir €85m ($99.4m) successful gross and is targeting 10% maturation successful 2026, Aksìa said successful its statement.

The group operates 5 accumulation sites, employs 150 group and sells into much than 25 countries, pinch exports accounting for 20% of turnover.

Individually, Dolciaria Ponte Vecchio generates yearly gross of astir €5m, while Figulì posts astir €7m and Castelfood astir €12m, nan finance patient told Just Food.